The India sports tourism market is likely to be valued at US $ 37646.36 Million and growing at a CAGR of 14.8% during the forecast period 2022 – 2032.
The India sports tourism market is likely to be valued at US $ 37646.36 Million and growing at a CAGR of 14.8% during the forecast period 2022 – 2032.
Over the past decade, there has been inception of league games like IPL, ISL, PKL etc. All these leagues have not only contributed towards an increasing follower pertaining to these games, but there has been an influx of both domestic and overseas tourists. This might well expand the demand for Indian sports tourism.
Sports tourism provides the host country with high media coverage. This coverage will cover not only the sporting event but also provide important information about the country’s cultural and entertainment locations as well as an overall country profile. Consequently, the India sports tourism market trends are expected to see an upward curve.
There are big mainstream tour operators who set up a separate division to tap the potential of Sports Tourism. A new concept in India about a decade ago, Sports Tourism, has developed rapidly over the past five years. A large number of agents and tour operators are introducing interesting packages surrounding major sporting events. This is expected to have a positive impact on India sports tourism market trends.
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The government has been actively taking steps to improve sports tourism in India since the last 5 years. Be it infrastructure development, allocation of funds, etc. the government has been involved in taking most of the right steps to see to it that the India sports market size increases in the coming future. Some of them include:
Additionally, the development of online games like Dream 11, MPL etc. has ensured that people remain hooked to such games because of which they win huge amounts. This is expected to be a major driver for the India sports tourism market share.
Thus, based on the insights provided by Future Market Insights, it is evident that “Increase in the Franchise games coupled with increasing involvement by the government to develop the infrastructure is expected to drive the India sports tourism market.”
Key Takeaways:
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Competitive Landscape
Leading players operating in India and other country-based companies operating in India are focusing on expanding their businesses. Apart from that, the major players are looking at ways to enter into exciting collaborations with some major players in the hospitality industry to provide customer delight.
Some of the recent developments are:
Market Segmentation
By Sports Type:
By Sports Tourism Type:
By Consumer Orientation:
By Booking Channel:
By Tourist Type:
By Tour Type:
By Age Group:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market
Jul 27, 2022